SINGAPORE, Nov. 3, 2023 /PRNewswire/ — Treehouse, a leading Web3 company specializing in transforming digital assets data into actionable insights for professional investors and institutions, has made a significant move in the world of non-fungible tokens (NFTs) with the intellectual property (IP) acquisition of Origins Analytics.
Origins Analytics, an enterprise-grade NFT analytics platform, had a successful run in 2022, raising US$4 million and amassing a robust community of over 10,000 users. The company’s software harnesses both on- and off-chain data to empower experienced NFT traders, protocols, and game studios to make well-informed decisions.
This acquisition marks a strategic step for Treehouse, as Origins’ founding team will join forces to integrate Origins’ cutting-edge technology into its product suite. As a result, Treehouse clients will gain access to a range of powerful tools, including:
- AlphaStream: A live algorithmically tagged NFT wallet notification system
- NFT Analytics Bots: Command-based generated NFT market analytics
- NFT Wallet Profiling Application Programming Interface (API)
These tools are designed to provide Hyperion users with the means to comprehensively understand and analyze NFT trading volumes, social sentiment, holder behavior, and more. The ultimate goal is to equip NFT traders and collectors with the insights they need to make informed decisions in a rapidly evolving market.
This strategic move by Treehouse comes at a time when the NFT market faces challenges due to a bearish trend and increasing consolidation. It serves as a testament to Treehouse’s unwavering commitment to Web3 analytics. Notably, Treehouse previously secured US$18 million in its seed round in 2021 from prominent venture capital (VC) and strategic investors, including Lightspeed, MassMutual, Binance, Mirana, LeadBlock, Jump, GSR, Wintermute, and others. With a robust financial position, Treehouse is actively exploring mergers and acquisitions (M&A) opportunities as part of its mission to become “The Most Comprehensive Digital Asset Analytics Platform.”
Brandon Goh, the CEO of Treehouse, expressed his excitement about this strategic acquisition and Treehouse’s foray into NFT analytics. He emphasized that this move underscores Treehouse’s commitment to its clients, many of whom have interests in the NFT space. The team is dedicated to seamlessly integrating Origins’ technology into Hyperion, confident that it aligns with users’ needs and will contribute to serving the broader NFT community. Despite the challenging market conditions, Treehouse is expanding and actively seeking businesses that align with its mission.
David Toh, a Partner at Mirana Ventures, commended Treehouse’s mission to lay the foundation for deep analytics in the Web3 ecosystem. The combination of Treehouse’s flagship platform, Hyperion, and Origins’ technology is expected to be a game-changer for the industry.
About Treehouse
Treehouse is a digital assets data firm headquartered in Singapore, with a focus on institutional-grade portfolio, protocol, and market analytics. The company boasts the backing of both traditional venture capital (VC) firms and Web3 firms, including Mirana Ventures, Lightspeed, MassMutual Ventures, Binance, LeadBlock Partners, Global Founders Capital, Jump Capital, Wintermute, GSR, and many others.
Treehouse’s flagship product, Hyperion, stands as the most comprehensive portfolio management and markets intelligence platform. It provides institutional investors and professional traders with the tools they need to take full control of their digital assets. With over 30 portfolio and market widgets, the platform enables finance professionals to closely monitor cryptocurrency market movements and assess portfolio risk and performance.
For more information about Treehouse, visit their website at www.treehouse.finance.
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SOURCE Treehouse
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